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AARON RENTS ACQUIRES TUCSON STORE

 ATLANTA, April 15 /PRNewswire/ -- Aaron Rents, Inc. (NASDAQ: ARONA ARONB), the nation's largest furniture rental and sales company, today announced it has acquired a store in Tucson, Ariz., as part of the company's expansion program.
 The company acquired Mayo's Furniture Rental from the owner Pima Rental Corporation, in a cash transaction, said R. Charles Loudermilk, Sr., chairman and chief executive officer of Aaron Rents, Inc.
 "This adds increased volume to our already strong Tucson business," Loudermilk said. "The acquisition is another step in our program of building volume in markets where the company already has a strong presence."
 "We are constantly analyzing and reviewing potential acquisitions as part of our strategy for continuing growth."
 Aaron Rents' sales and earnings have reached record levels since the introduction of the plan three years ago to expand in strong market areas while closing or disposing of stores failing to meet profit objectives. Net earnings for the latest nine-month period more than doubled year-earlier earnings, while revenues gained 11 percent, both records. The company's fiscal year ended March 31.
 Rapid expansion also is underway by the Aaron's Rent-To-Own(R) Division, the fastest growing segment of the company's business, through both company-owned and franchised stores.
 Aaron Rents, Inc., based in Atlanta, operates more than 155 stores in 20 states for the sale and rental of residential office furniture and equipment. The company produces furniture for its rental stores at five plants in Georgia and Florida and during the past year opened its first business equipment rental stores in Atlanta and Alexandria, Va.
 -0- 4/15/93
 /CONTACT: Gilbert L. Danielson, Vice President-Finance and Chief Financial Officer, Aaron Rents, Inc., 404-231-0011/
 (ARONA ARONB)


CO: Aaron Rents, Inc. ST: Georgia IN: REA SU: TNM

MM -- AT004 -- 6088 04/15/93 09:52 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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